28th Jun 2016 16:16
FIRSTGROUP PLC - Director/PDMR ShareholdingFIRSTGROUP PLC - Director/PDMR Shareholding
PR Newswire
London, June 28
FIRSTGROUP PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
FirstGroup plc (the Company) announces that the following Directors and other persons discharging managerial responsibilities (PDMRs) were granted an award, for no consideration, on 28 June 2016 over ordinary shares of £0.05 each in the capital of the Company (Shares) under the FirstGroup Long Term Incentive Plan (“LTIP”) and the FirstGroup plc Executive Annual Bonus Plan (“EABP”).
Grant of awards under the LTIP
| Name | Position | Number of shares subject to award |
| Tim O'Toole | Director/PDMR | 1,042,694 |
| Matthew Gregory | Director/PDMR | 764,231 |
| Constance Baroudel | PDMR | 72,441 |
| Rachael Borthwick | PDMR | 84,771 |
| Giles Fearnley | PDMR | 98,619 |
| Dave Leach | PDMR | 105,604 |
| Dennis Maple | PDMR | 110,807 |
| Steve Montgomery | PDMR | 339,087 |
| Brad Thomas | PDMR | 105,375 |
The awards under the LTIP will normally vest following the end of the three year performance period commencing on 1 April 2016, subject to the satisfaction of performance conditions relating to the growth in the Company's return on capital employed (ROCE) and relative total shareholder return (TSR) compared to a group of comparator companies, and provided the Director/PDMR remains a director or is employed within FirstGroup. The Committee has discretion to vary the proportion of awards vesting if it considers the outcome would otherwise not be a fair and complete reflection of the underlying performance of the Group over the performance period.
Awards granted to US participants are structured as conditional awards under which, following vesting, the shares are transferred to the participants for nil payment. Awards granted to UK participants are structured as nil-cost options, which may be exercised for up to 12 months following vesting.
Grant of awards under the EABP
| Name | Position | Number of shares subject to award |
| Tim O'Toole | Director/PDMR | 83,126 |
| Matthew Gregory | Director/PDMR | 81,399 |
| Constance Baroudel | PDMR | 21,666 |
| Rachael Borthwick | PDMR | 25,353 |
| Giles Fearnley | PDMR | 21,844 |
| Dave Leach | PDMR | 36,117 |
| Dennis Maple | PDMR | 20,322 |
| Steve Montgomery | PDMR | 46,022 |
| Brad Thomas | PDMR | 35,095 |
The awards under the EABP were made after set performance conditions were achieved during the financial year 2015/16: The awards will vest at the end of a three year deferral period on 27 June 2019.
Awards granted to US participants are structured as conditional awards under which, following vesting, the shares are transferred to the participants for nil payment. Awards granted to UK participants are structured as nil-cost options, which may be exercised up to the day preceding the tenth anniversary of the grant date.
The transaction took place in London. This notification is being made in accordance with DTR 3.1.4(R)(1)(a).
Further information, FirstGroup plc:
Faisal Tabbah, Head of Investor Relations
Tel: +44 7590 412262 / 020 7725 3357
Stuart Butchers, Group Head of Media
Tel: +44 7713 317979 / 020 7291 0507
Related Shares:
Firstgroup